A Tel Aviv court Tuesday has rejected arguments from embattled billionaire Nochi Dankner and has given its stamp of approval to allow a consortium, led by a South American Haredi businessman, to take control of the mammoth IDF holding company. Dankner’s lawyers said they are considering whether to appeal the decision that accepted a creditors’ […]
We don’t pretend to know how and why God works, but it can be speculated that the financial disaster of Israel’s giant IDB was the way for a Chabad Jew to enter Israel’s secular Big Business elite.
By JTA
Argentinean real estate mogul Eduardo Elsztain said he will invest $75 million in Israel businesses, including $57 million in the struggling IDB group and $18 million in Ganden Holdings, both controlled by Israeli businessman Nochi Dankner. In February Elsztain, a vice president of the World Jewish Congress, bought a 10 percent stake in Ganden for […]
As JewishPress.com first reported last Thursday, Shlomo Ben-Zvi, the publisher of the national-religious paper Makor Rishon announced the purchase of the struggling Maariv newspaper on Friday. Maariv is the 3rd largest paper in Israel. It was owned by Nochi Dankner and IDB, and had recently announced it would be going completely digital, except for the weekend editions. […]
